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How to buy shares in Heavy Rare Earths

On 24 August 2022, Heavy Rare Earths joined the growing catalogue of ASX-listed rare earths miners.

What do militarisation and the proliferation of technology have in common? They both require a lot of rare earths. And as these global trends expand in the coming decades, demand for the minerals is set to skyrocket.

According to the 2022 Mineral Commodity Summaries Report by the U.S. Geological Survey, Australia ranks fifth in the world for rare earths reserves, with approximately 4m metric tonnes (MT). Since China contains by far the largest reserves at 44m MT, Western countries have put increasing emphasis on developing rare earths reserves within their orbit. Enter Heavy Rare Earths Limited ($HRE).

HRE is developing two clay-based rare earth projects in Western Australia and the Northern Territory. The focus is on the Cowalinya Project in Western Australia, which has a JORC Inferred Resource (not confirmed) of 28MT at 625 parts per million (ppm). The compression of this Inferred Resource is estimated at 25% magnet and 23% strategic heavy rare earths, an impressive find.

In order to proceed with the development of the two projects, Heavy Rare Earths Limited closed its Initial Public Offering (IPO) at 5pm (AEST) on 17 August 2022, issuing 40m shares at $0.30 each. With demand for rare earths likely to increase for the foreseeable future, that’s one thing HRE investors shouldn’t have to worry about.

Sign up to Stake to buy Australian shares and access Heavy Rare Earths Limited ($HRE).

ICYMI: do your own research and make your own decisions. This article drills down on a specific company, however it is not a recommendation to invest in the company and should not be taken as financial advice.

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